TORONTO, Feb. 21, 2024 /PRNewswire/ -- (TSX: LUN) (Nasdaq
Stockholm: LUMI) Lundin Mining Corporation ("Lundin
Mining" or the "Company") today announced that its Board of
Directors has declared a regular quarterly dividend of Canadian
Dollars ("CAD") $0.09 per share,
payable on April 10, 2024, to
shareholders of record at the close of business on March 22, 2024. This dividend qualifies as an
'eligible dividend' for Canadian income tax purposes. The
declaration, timing, amount, and payment of future dividends remain
at the discretion of the Board of Directors. View PDF
Dividends on shares traded on the Toronto Stock Exchange ("TSX")
will be paid in CAD on April 10,
2024. Dividends on shares traded on Nasdaq Stockholm
will be paid in Swedish kronor in accordance with Euroclear
principles on April 15, 2024.
To execute the payment of the dividend, a temporary administrative
cross-border transfer closure will be applied by Euroclear from
March 20, 2024, up to and
including March 22, 2024,
during which period shares of the Company cannot be transferred
between TSX and Nasdaq Stockholm.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining
company with projects and operations in Argentina, Brazil, Chile, Portugal, Sweden and the
United States of America, primarily producing copper, zinc,
nickel and gold.
The information in this release is subject to the disclosure
requirements of Lundin Mining under the EU Market Abuse Regulation.
The information was submitted for publication, through the agency
of the contact persons set out below on February 21, 2024 at 15:25
Pacific Standard Time.
Cautionary Statement on Forward-Looking Information
Certain of the statements made and information contained
herein is "forward-looking information" within the meaning of
applicable Canadian securities laws. All statements other than
statements of historical facts included in this document constitute
forward-looking information, including but not limited to
statements regarding the Company's plans, prospects and business
strategies; the Company's guidance on the timing and amount of
future production and its expectations regarding the results of
operations; expected costs; permitting requirements and timelines;
timing and possible outcome of pending litigation; the results of
any Preliminary Economic Assessment, Feasibility Study, or Mineral
Resource and Mineral Reserve estimations, life of mine estimates,
and mine and mine closure plans; anticipated market prices of
metals, currency exchange rates, and interest rates; the
development and implementation of the Company's Responsible Mining
Management System; the Company's ability to comply with contractual
and permitting or other regulatory requirements; anticipated
exploration and development activities at the Company's projects;
the Company's integration of acquisitions and any anticipated
benefits thereof; and expectations for other economic, business,
and/or competitive factors. Words such as "believe", "expect",
"anticipate", "contemplate", "target", "plan", "goal", "aim",
"intend", "continue", "budget", "estimate", "may", "will", "can",
"could", "should", "schedule" and similar expressions identify
forward-looking statements.
Forward -looking information is necessarily based upon
various estimates and assumptions including, without limitation,
the expectations and beliefs of management, including that the
Company can access financing, appropriate equipment and sufficient
labour; assumed and future price of copper, nickel, zinc, gold and
other metals; anticipated costs; ability to achieve goals; the
prompt and effective integration of acquisitions; that the
political environment in which the Company operates will continue
to support the development and operation of mining projects; and
assumptions related to the factors set forth below. While these
factors and assumptions are considered reasonable by Lundin Mining
as at the date of this document in light of management's experience
and perception of current conditions and expected developments,
these statements are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Known and
unknown factors could cause actual results to differ materially
from those projected in the forward-looking statements and undue
reliance should not be placed on such statements and information.
Such factors include, but are not limited to: global financial
conditions, market volatility and inflation, including pricing and
availability of key supplies and services; risks inherent in mining
including but not limited to risks to the environment, industrial
accidents, catastrophic equipment failures, unusual or unexpected
geological formations or unstable ground conditions, and natural
phenomena such as earthquakes, flooding or unusually severe
weather; uninsurable risks; volatility and fluctuations in metal
and commodity demand and prices; significant reliance on assets in
Chile; reputation risks related to
negative publicity with respect to the Company or the mining
industry in general; delays or the inability to obtain, retain or
comply with permits; risks relating to the development of the
Josemaria Project; health and safety laws and regulations; risks
associated with climate change; risks relating to indebtedness;
economic, political and social instability and mining regime
changes in the Company's operating jurisdictions, including but not
limited to those related to permitting and approvals,
nationalization or expropriation without fair compensation,
environmental and tailings management, labour, trade relations, and
transportation; inability to attract and retain highly skilled
employees; risks inherent in and/or associated with operating in
foreign countries and emerging markets, including with respect to
foreign exchange and capital controls; project financing risks,
liquidity risks and limited financial resources; health and safety
risks; compliance with environmental, unavailable or inaccessible
infrastructure, infrastructure failures, and risks related to
ageing infrastructure; changing taxation regimes; the inability to
effectively compete in the industry; risks associated with
acquisitions and related integration efforts, including the ability
to achieve anticipated benefits, unanticipated difficulties or
expenditures relating to integration and diversion of management
time on integration; risks related to mine closure activities,
reclamation obligations, environmental liabilities and closed and
historical sites; reliance on key personnel and reporting and
oversight systems, as well as third parties and consultants in
foreign jurisdictions; information technology and cybersecurity
risks; risks associated with the estimation of Mineral Resources
and Mineral Reserves and the geology, grade and continuity of
mineral deposits including but not limited to models relating
thereto; actual ore mined and/or metal recoveries varying from
Mineral Resource and Mineral Reserve estimates, estimates of grade,
tonnage, dilution, mine plans and metallurgical and other
characteristics; ore processing efficiency; community and
stakeholder opposition; regulatory investigations, enforcement,
sanctions and/or related or other litigation; financial
projections, including estimates of future expenditures and Cash
Costs, and estimates of future production may not be reliable;
enforcing legal rights in foreign jurisdictions; risks associated
with the use of derivatives; risks relating to joint ventures and
operations; environmental and regulatory risks associated with the
structural stability of waste rock dumps or tailings storage
facilities; exchange rate fluctuations; compliance with foreign
laws; potential for the allegation of fraud and corruption
involving the Company, its customers, suppliers or employees, or
the allegation of improper or discriminatory employment practices,
or human rights violations; risks relating to dilution; risks
relating to payment of dividends; counterparty and customer
concentration risks; activist shareholders and proxy solicitation
matters; estimation of asset carrying values; relationships with
employees and contractors, and the potential for and effects of
labour disputes or other unanticipated difficulties with or
shortages of labour or interruptions in production; conflicts of
interest; existence of significant shareholders; challenges or
defects in title; internal controls; risks relating to minor
elements contained in concentrate products; the threat associated
with outbreaks of viruses and infectious diseases; and other risks
and uncertainties, including but not limited to those described in
the "Risks and Uncertainties" section of the Company's Annual
Information Form for the year ended December
31, 2023 and the "Managing Risks" section of the Company's
MD&A for the year ended December 31,
2023, which are available on SEDAR+ at www.sedarplus.ca
under the Company's profile.
All of the forward-looking statements made in this document
are qualified by these cautionary statements. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, forecast or intended
and readers are cautioned that the foregoing list is not exhaustive
of all factors and assumptions which may have been used. Should one
or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking information.
Accordingly, there can be no assurance that forward-looking
information will prove to be accurate and forward-looking
information is not a guarantee of future performance. Readers are
advised not to place undue reliance on forward-looking information.
The forward-looking information contained herein speaks only as of
the date of this document. The Company disclaims any intention or
obligation to update or revise forward–looking
information or to explain any material difference between such and
subsequent actual events, except as required by applicable
law.
For further information: Stephen
Williams, Vice President, Investor Relations +1 604 806
3074; Robert Eriksson, Investor
Relations Sweden: +46 8 440 54 40
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